Board of Directors

Mr. Ashwin C. Shroff, as an Executive Chairman, has always led a formidable leadership. Affectionately called Ashwin bhai in the organisation, he always leads by example and is the bearer of all the values that make life at Excel so special. He is firmly committed to the Excel way of working, building consensus and democratic processes.

He has been serving the Company for 50 years, and his leadership continues to inspire the entire group to march ahead. Mr. Shroff is on the Board of several companies, including Transpek Industry Limited, Anshul Specialty Molecules Private Limited and Kamaljyot Investments Limited.

He has been widely recognised for his contributions to the growth of the Indian chemical industry and had also received the ICC Lifetime Achievement Award in 2012.

Mr. Ravi A. Shroff is a young and dynamic Managing Director of the Company. He is the third generation industrialist in the A. C. Shroff Group of companies. He was an Executive Director w.e.f. 3rd September, 2014 and was elevated to Managing Director w.e.f. 3rd September, 2019. Before joining the Company, he served as an Executive Director for 7 years with Anshul Specialty Molecules Private Limited and spearheaded Anshul to the path of growth and diversification.

At Excel, he has been steering the chemical division, including the strategic new business of Pharmaceutical and Veterinary APIs and has launched several new pharmaceutical molecules/ products under his stewardship. He is also a Director on the Board of reputable companies, including Transpek Industry Limited, Anshul Specialty Molecules Private Limited, Kamaljyot Investments Limited and Transpek Industry (Europe) Limited. He is an Engineering Graduate (BE Chemical) from the Mumbai University and a Post Graduate in Chemistry from the Boston University, USA.

Mr. Hrishit A. Shroff was appointed as an Executive Director with effect from 27th June, 2019. He is a Commerce Graduate and a Chartered Accountant. He has also completed an executive management course from the Harvard Business School.

Before becoming the Company’s Executive Director, Mr. Hrishit A. Shroff was working with the Company since 1st February, 2017 as the President (Environment & Biotech Business and Corporate Services). He has been heading and steering the Environment and Biotech Division and has successfully launched several Solid Waste Management solutions under his leadership.

Before joining the Company, he was an Executive Director at Excel Crop Care Limited and had over 10 years of experience in Agrochemicals industry and Business Management.

Amongst other positions, he holds Directorship in Excel Bio Resources Limited, a wholly owned subsidiary of the Company, MobiTrash Recycle Ventures Private Limited, Associate of the Company and Agrocel Industries Private Limited.

An industrialist with vast experience in the Chemicals and Agrochemicals Industries, Mr. Dipesh K Shroff holds diploma in civil Engineering and Owners’/ Presidents’ Management Programme at Harvard Business School to his credit. He serves on the Board of a number of companies including Agrocel Industries Private Limited, Transpek Industry Limited and TML Industries Limited.

A highly experienced Industrialist, Mr. Atul Shroff is the promoter Director of Transpek Industry Limited. He is actively involved with the Excel Group. He is part of the Board of Transchem Agritech Private Limited and Madison Investments Private Limited.

Mr. Motiwalla is a Chartered Accountant by profession and a highly respected professional in corporate India. He is a senior partner of H. N. Motiwalla & Co. and Chajjed & Doshi. Mr. Motiwalla has vast experience in the field of Accounting, Audit, Finance, Taxation, Corporate Governance and Company Law. He serves as a Board member in several companies including Hitech Corporation Limited, Multibase India Limited, Balkrishna Paper Mills Limited and Ashapura Minechem Limited. He is also Chairman of the Audit Committee of several listed companies. Mr. Motiwalla has been serving the Board since 2002.

Mr. Jhaveri is an industrialist with vast experience in chemicals and textile auxiliary industry. He has been a Director of Excel Industries Limited since 20th October, 2002. Apart from serving as the Chairman and Managing Director of Phthalo Colours & Chemicals (I) Limited and Chairman of Indian Extractions Limited, he also holds directorship in quite a few companies including Sadhana Nitro Chem Limited. Mr. Jhaveri holds a B.Com degree from the Bombay University and a Diploma in Business Management.

Mr. Bhogale holds a Bachelor’s degree in Mechanical Engineering and has a vast experience in auto components and kitchenware industries. He is an eminent industrialist and possesses versatile skills, experience and knowledge in the field of management and administration. Amongst other positions, he serves on the Board of Umasons Auto Compo Private Limited.

Mr. Rajeev M. Pandia is a highly respected corporate professional in the chemical industry and is well known for his contribution to the industry through various forums.

He headed Herdillia Chemicals Limited (later Schenectady Herdillia Limited and SI Group, India) as the Vice Chairman and Managing Director from 1992 until December 2008. He was, thereafter, the Group Adviser and Director of SI Group (Global Markets), USA. During 2013, he was appointed on a Committee to draft the National Chemical Policy for India by the Ministry of Chemicals and Fertilisers, Government of India. He has been associated with high level audits for many years in respect of EHS, Sustainability and Technology functions.

He was appointed on the Jury of World Chemistry Awards 2015, a global recognition programme for the international chemical industry, being the only member from Asia. As a consultant, he now advises several Indian and international companies in the areas of Strategy, Project Execution and Operational Excellence.

He is a graduate in Chemical Engineering from Indian Institute of Technology (IIT), Mumbai, India and holds the Master’s degree in the same field from Stanford University, California. Among others, he is a director in Thirumalai Chemicals Ltd, Ultramarine & Pigments Ltd, in GRP Limited and Supreme Industries Limited. He has been an Independent Director on the Board of the Company since 8th August, 2014.

Mr. S. S. Vaidya is a practicing advocate and solicitor. He is a partner in Messrs. Kanga and Company, a 125-year-old reputed law firm of advocates and solicitors.

He was the President of Indian Merchants’ Chamber (Premier Chamber of Commerce in the Western India) for the year 2013- 14. He is a Managing Committee Member of the India Merchants’ Chamber and Bombay Incorporated Law Society. He is also a director in several public limited companies, including Apcotex Industries Limited. He has been an Independent Director on the Board of the Company since 8th August, 2014.

Mr. M. B. Parekh holds a Post Graduate degree in Chemical Engineering from University of Wisconsin, USA, and he is an industrialist with rich experience in the chemical industry and consumer products. He is the Executive Chairman of Pidilite Industries Limited and Chairman and Managing Director of Vinyl Chemicals (India) Limited and also holds directorship in several other companies including Fevicol Company Limited.

Dr. Meena A. Galliara was appointed as an Independent Director with effect from 27th June, 2019. She is a Director at Jasani Center for Social Entrepreneurship & Sustainability Management, Narsee Monjee Institute of Management Studies (NMIMS). She is alumna of Tata Institute of Social Sciences (TISS). She commenced her career as a Welfare Officer with Dharamsi Morarjee Chemicals Company Ltd. For little over a decade she worked as Faculty Member in the Department of Social Welfare Administration at TISS. In the duration of her work at TISS, she actively contributed to research in the area of political empowerment of women, impact assessment of social welfare schemes, labour welfare schemes and management of NGOs. She was deputed by TISS to set up Tata Council of Community Initiatives and was part of the Maharashtra state’s research team on 73rd Amendment to the Constitution of India. She handled the field action project on humanising Child Welfare Institutions of Ulhasnagar. Apart from academics, Dr. Galliara serves as a Trustee on the Board of International Resources for Fairer Trade.

Mr. P. K. Molri joined the Board as LIC Nominee Director w-e-f 7th February, 2020. He is a Chartered Accountant and a Commerce Graduate (Honours) . He joined LIC of India in July 1985 and has rich work experience of more than 34 years in different senior positions at LIC including Sr. Divisional Manager of two Divisions and Chief Risk Officer of the organisation. He has recently superannuated from LIC from the post of Executive Director- Investment Operations wherein he was heading Equity, Debt, Treasury, Pension & Group schemes and ULIP Portfolios. He also holds the directorship at Ambuja Cements Limited.